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Frequently Asked Questions

Can I withdraw money or make a deposit to my HSBC Direct Online Savings Account in a branch?

FAQs, Online Savings, Savings
No. You won’t be able to make deposits or withdrawals at a branch because HSBC Direct Online Savings is an online-only account. However, if you have an HSBC savings or checking account, you can transfer your HSBC Direct Online Savings to that account and then withdraw the funds at a branch. You can also use an HSBC ATM for deposits and withdrawals – $500 per transaction and up to $1,000 per day.

How do I withdraw money from my HSBC Direct Online Savings Account?

FAQs, Online Savings, Savings
Use the HSBC Personal Internet Banking service to transfer funds from your HSBC Direct Online Savings Account to your bank account. Just log on to your account using your personal information and follow the simple instructions for transferring money. Call our Customer Relationship Center and transfer your money between your existing HSBC accounts using the Voice Response Unit (VRU) at 1-800-975-HSBC (4722). This fee is charged by the ATM network for use of a non-HSBC ATM.

Why can't I open an HSBC Direct Online Savings Account at a branch?

FAQs, Online Savings, Savings
HSBCdirect is an online-only savings account. By operating exclusively online, we have less overhead and paperwork, so we can pass on more savings to you with one of the best rates around. There are no monthly fees and no minimum balance. Of course, you can always open a traditional savings account, at any of our branches, at a lower interest rate.

How do I make deposits into my HSBC Direct Online Savings Account?

FAQs, Online Savings, Savings
Transfer money from your non-HSBC checking or savings accounts at another Bank via a Bank-to-Bank transfer To find out more about the deposit by mail feature, go to the deposit Account Summary screen and click on Learn More. You can make subsequent deposits or transfers into the Online Savings Account after 5 business days. This will ensure your initial deposit is fully credited and the account is prepared to accept additional funds.

Can I make a wire transfer from my HSBC Direct Online Savings Account?

FAQs, Online Savings, Savings
While you can't wire funds directly from your HSBC Direct Online Savings Account, you can transfer money from your Online Savings account to another account (such as your checking account), and then do the wire transfer from there.

What is the HSBC Direct Online Savings Account?

FAQs, Online Savings, Savings
HSBC Direct Online Savings is an online-only account with one of the country's highest APYs. Our online-only account has less overhead and less paperwork so you get one of the best rates around. And no monthly fees. No minimum balance. No risk.

How do I open an HSBC Direct Online Savings Account?

FAQs, Online Savings, Savings
Opening an HSBCdirect Online Savings Account is fast, simple and convenient. Open your account online by clicking on HSBC Direct. You'll need the following information handy in order to complete the application: If you are a non-US Citizen - Your Green Card or Passport Number, Country of Issuance, and expiration date

How do you calculate the interest on my HSBC Direct Online Savings Account?

FAQs, Online Savings, Savings
Just multiply the amount that you’ve deposited by the APR and by the amount of time that the money is invested. You will accrue daily interest on your account, compounded monthly and credited to your available balance at the end of each monthly cycle. The APR is the non-compounded interest rate applied to account balances.

Can I use an ATM card with my HSBC Direct Online Savings Account?

FAQs, Online Savings, Savings
Yes. We are proud to be the only online savings account to offer an ATM card. Opening an HSBC Direct Online Savings account entitles you to an ATM card for easy access to your funds.

Can business customers or Non-Profit Organizations open an HSBC Direct Online Savings Account?

FAQs, Online Savings, Savings
Only individual consumers can open an HSBC Direct Online Savings Account. However, we do have outstanding business banking services available.

How is Annual Percentage Yield (APY) calculated on my HSBC Direct Online Savings Account?

FAQs, Online Savings, Savings
Every month, you're earning interest on your original deposit plus any previously earned interest — or interest that has compounded. That compounded interest is the APY, or the interest rate paid on your principal plus the previous interest. Since you usually earn interest each month, you get a slightly higher return.

When can I withdraw money from payments deposited to my account using Direct Deposit?

Direct Deposit for Financial Institutions : FAQ about Direct...
Money should be available to your individual customers when you open for business on the date of the deposit.

How much money can I deposit in my savings account?

Valley Individual Development Accounts: FAQs
You can deposit as much money as you want into your savings account, but there is limit to how much will be matched. You must complete a VIDA Application with an IDA Specialist to determine match amount.

Can I designate more than one account for direct deposit? Can the money go to my parent's account?

FAQ - NIU - Office of the Bursar
No. All funds must be deposited in one account in your name. The only exception is that excess funds from a PLUS loan will be refunded by check to the borrower.

If I’m currently enrolled in Direct Debit, can I make an online payment through My Account?

Frequently Asked Questions
If you are enrolled in Direct Debit and you make an online payment with My Account, you will be automatically taken off of Direct Debit to prevent any duplicate payments. By setting up automatic online recurring payments through My Account, you’ll be able to have your monthly payment automatically deducted from your designated bank account, just like Direct Debit, but you’ll have greater control and convenience to choose the date and amount you wish to pay automatically each month.

Borrower must have a savings or checking account that uses direct deposit. What is a payday loan?

Frequently asked questions - Consumer Payday Loans
Payday loan is a short-term personal loan, the payment of which is backed by ones next paycheck. People use payday loans to fill the gap between paydays and to pay necessary expenses.

Your savings or checking account uses direct deposit. What is a payday loan?

FAQ
Also known as payday loans, pay day loans or cash advances, a payday loan is a very short-term personal loan collateralized against your next paycheck. For many of our customers it's the easiest and fastest way to secure quick cash between paydays. Simply submit an online application and your loan amount can be electronically deposited into your checking or savings account overnight. Your loan will be automatically deductied from your checking account on your next payday.

Can I have direct deposit into more than one account?

UNM Payroll FAQs
Yes, we can set up 100% net for one account. This basically means the majority of your check would go to that account (pink form). We can set up Fixed Amount to Savings/Checking " for the second account. This means you would have an actual dollar amount go into this second account (purple form). There is one exception to this.

How do I withdraw money from my account?

Freelancers' Frequently Asked Questions
Login [as Freelancer - not as Project Owner / Buyer!)] to the Manage Account area and click on the "Withdraw Money" button. For the time being, we choose to only send money via PayPal or e-Gold account - you must have a PayPal account or e-Gold account in order to receive money. No. All bids are final and so are commissions based on the winning bid. Further, a situation of that kind would be your own making that shows you have not read guidelines and had not followed advises here available.
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